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Friday, December 2, 2022

GrafTech shares surge on clearance to renew Mexico operations (NYSE:EAF)

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GrafTech Worldwide (NYSE:EAF) +11.1% post-market Friday after asserting the conditional lifting of its suspended operations in Monterrey, Mexico, permitting it to renew operations on the facility, efficient instantly.

GrafTech (EAF) stated the Secretary of Setting of the State of Nuevo León lifted the suspension discover that had been issued September 15, topic to the completion of steps together with the submission of an environmental influence examine concerning the power’s operations.

For This autumn, the corporate continues to count on the suspension will influence its capacity to satisfy 10K-12K metric tons of buyer orders.

GrafTech (EAF) makes high-quality graphite electrode merchandise important to the manufacturing of electrical arc furnace metal and different ferrous and non-ferrous metals.

GrafTech (EAF) faces headwinds from a attainable upcoming recession, and is navigating this with a brand new CEO who joined the corporate in July, Jared Wright writes in an evaluation revealed on Looking for Alpha.

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